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I'm curious... what form do you think the added constraints of VC funding translate into in practice, besides the pressure to exit in a time frame?
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it's almost all about pressure to grow within a certain timeframe: 2x every quarter instead of every 2 years raise money frequently (easier to know which investments are working, easier to raise a new fund every 2 years). hire like crazy don't think about the bottom line.
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yea, and now there are enough newly-minted tech IPOs to baseline against. if it's a match: raise $100Ms if not: raise nothing. and no one knows how long this window is open for, so it's a mad dash!
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